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Analyst: Latest Amazon pharmacy fears overblown

Analyst: Latest Amazon pharmacy fears overblown

Fears among pharmacy players and investors that e-tail giant Amazon plans to enter the industry may be overblown — at least for the time being, according to Jefferies analyst Brian Tanquilut. Pharmacy stocks, including pharmacy retailers and suppliers, have taken a pounding since the St.

NRF to honor Walmart’s Doug McMillon as ‘Visionary’

NRF to honor Walmart’s Doug McMillon as ‘Visionary’

The National Retail Federation will recognize Walmart president and chief executive officer Doug McMillon as “The Visionary,” an annual award honoring outstanding retail industry leaders The award will be presented to McMillon at the 2018 NRF Foundation Gala on Jan. 14 in New York City.

Rite Aid, BJ’s gain in retail customer experience

Rite Aid, BJ’s gain in retail customer experience

Rite Aid and BJ’s Wholesale Club saw the largest gains among food, drug and mass retailers in Forrester’s U.S. 2017 Customer Experience Index (CX Index). Forrester’s CX Index, based on a survey of about 120,000 U.S. online adult consumers, measures and ranks more than 300 U.S.

WBA’s Q4 earnings top analysts’ forecast

WBA’s Q4 earnings top analysts’ forecast

Walgreens Boots Alliance (WBA) beat Wall Street’s adjusted earnings per share forecast for its 2017 fourth quarter and fiscal year, with pharmacy results helping boost sales for both periods. However, WBA said Wednesday that costs related to the unsuccessful deal to acquire Rite Aid Corp.

CVS Caremark unveils performance-based Rx network

CVS Caremark unveils performance-based Rx network

For its CVS Caremark pharmacy benefit manager, CVS Health next year plans to roll out a new 30,000-store pharmacy network anchored by CVS Pharmacy and Walgreens. CVS said late Tuesday that the performance-based network also will include up to 10,000 independent community pharmacies nationwide.

Kroger promotes Mike Donnelly to COO

Kroger promotes Mike Donnelly to COO

Kroger Co. has named Mike Donnelly as executive vice president and chief operating officer. The supermarket giant said Tuesday that Donnelly, currently executive vice president of merchandising, will start in the new post on Nov. 1.

Big V Drug Stores co-founder Tony Crncich dies

Big V Drug Stores co-founder Tony Crncich dies

Tony Crncich, co-founder of Ontario pharmacy chain Big V Drug Stores, passed away last week at age 87. Crncich, who launched Big V in Windsor, Ontario, 55 years ago with partner Mahlon Dyer, died on Oct. 18, the Windsor Star reported.